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Giving interest and Taking interest

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Business and DealingsInterest and GamblingInterest bearing loans & Transactionsinterestgiving interest and taking interest

Question

Is it harem to give interest?

Answer

Interest is Haraam and forbidden in Islam. Taking interest and giving interest both are equally impermissible. Hazrat Jaabir (Radhiyallahu Anhu) reported that Rasulullah (Sallallahu Alayhi Wasallam) cursed the one who consumes interest, pays interest, the scribe for the interest transaction and the witness to such a deal. Rasulullah (Sallallahu Alayhi Wasallam) said that all are equal in the sin.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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